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Re: maxinkuckee post# 79687

Monday, 06/07/2021 4:50:54 PM

Monday, June 07, 2021 4:50:54 PM

Post# of 81999
Actually I don't have it backwards. Most traders use an indexes direction (on any time frame) as a measure of whether or not it will be down day or an up day any of the stocks with index, i.e., to go long or short. Often when a stock in up and the index is down the stock will drop, before the index ever rises, same goes for the reverse. The index looks at the stocks collectively, and the stocks act collectively.